Construction for customers of VAT agencies identifying 3 macro sections (VAT Sales, VAT Purchases, Transactions NOT subject to VAT). Within these sections it will be possible to process the various VAT rates provided for by Italian tax law according to the needs of the customer and its specific Business Model.

It is possible to create on request other VAT agencies in line with specific requests.

We have found the solution to correctly record those operations subject to reverse charge.

To this end, a user manual has been created explaining how to enter invoices with reverse charge VAT into Quickbooks, so that they are correctly displayed in the VAT registers, by creating a transitional account to be created in the plan of accounts – balance sheet.

All transactions are verifiable in a different section from the line of the declaration – Recoverable tax on purchases.

*Guide manuals are provided only after the purchase of the XXX service

Thanks to the correct construction of the Agencies and VAT rates it is possible to obtain a detailed report of all the rates moved during the period, which allows the user to have a useful starting point for the compilation of communications and declarations relating to VAT Purchases and sales (22%, RC Art.17 DPR 633/72, DL 194/2014 &DL98/2011 for flat rates and minimums, excluding Art.15 – Art.10 etc etc).

Once you have correctly made all the entries for the period (Active and Passive Invoices, Intra & Extra EU Invoices, payments, etc.) you can prepare the periodic declaration so that you can see the VAT balance for the period, whether it is a credit or a debit.

If the preparation results in a debit VAT, this procedure allows the user to easily obtain the data to be entered in the F24 for the payment.

A specific user manual has been created in the Quickbooks section “Settings” to guide you through the various steps in the construction of the declaration.

*Guide manuals are provided only after the purchase of the XXX service

Thanks to the correct construction of the VAT Agencies, VAT rates are developed in the specific agencies with dedicated sections, accurate descriptions and aligned correctly for the reports described in points c) & d).

Accuracy to build rates that run in the balance sheet or in the expense accounts, detail in representing it in the correct lines of the report of the VAT declaration as from point d). Support in the accounting management of specific cost rates to accurately allocate specific expenses such as telephone and fuel costs.

The AGENCY TAX service for the creation and management of the “Taxes” section of Quickbooks includes the guide manuals drawn up by our consultants (Pro Advisor Certificated QB) to provide all the information necessary to manage independently all the complex accounting activities related to periodic declarations and their reporting.